Multiple choice

What is the maximum limit for number of members in a private company?

  1. 2

  2. 50

  3. 100

  4. 200

  5. Unlimited

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 2013 Act introduces a change in the definition for a private company, inter-alia, the new requirement increases the limit of the number of members from 50 to 200 [section 2(68) of 2013 Act].